The Australian co-founder of a $US3 billion ($4.1 billion) self-driving vehicle company backed by some of Sydney's most respected tech investors has been abruptly ousted as chief executive. Tim Kentley-Klay, the co-founder of Zoox, which is based in Silicon Valley, was removed as CEO of the company on Thursday morning, Sydney time, in a decision that caught its Australian backers off guard. Melbournian, Tim Kentley-Klay of Zoox...

The new chairman of 30% Club Australia, the lobby group pushing for 30 per cent female representation on the boards of the nation's largest 200 companies, says parity should be the ultimate goal in business but has stopped short of calling for quotas...

Three giant investors, BlackRock, Vanguard and State Street, now hold the "balance of power" in corporate governance disputes. No longer the silent giants in the background, boards are now dealing with competing agendas from short termism of active managers and the long-term view of passive managers. BlackRock's Pru Bennett says the fund takes a hands-on role in the matters of corporate governance, dispelling the myth that passive funds are hands off...

Almost 30 per cent of voting shareholders at Sky opposed the appointment of James Murdoch as chairman of the European pay TV group on Thursday, with some saying he was too closely linked to his father Rupert Murdoch's media empire. James Murdoch, who became Sky chairman in January, won 71.55 per cent support in a vote to confirm his appointment at the company's annual shareholder meeting, below the 90-plus per cents obtained by other board members...

Finally we are winning the war for greater diversity in corporate Australia. Whether the pace is fast enough to meet the institute's target for 30 per cent female representation on boards by 2018 remains an open question. The issue of gender diversity on boards has certainty arrived and corporate Australia is certainly keen to avoid any government imposition of quotas to force change ...

Goldman Sachs Group's compensation plan, including a provision making Lloyd Blankfein the highest-paid chief executive officer of a Wall Street bank for his work last year, drew the most opposition since shareholders began voting on the matter in 2009 ...